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Ford Motor Co. (NYSE: F) to Pay Chairman Bill Ford for First Time in 5 Years
Ford Motor Co. (NYSE: F) said that it will pay Executive Chairman William Clay Ford Junior for the first time in five years as the company has finally returned to profitability consistently. Ford, the great grandson of company founder... More of this article »
Microsoft Corp (NASDAQ: MSFT) Announces Office 2011 for Mac
Microsoft Corp (NASDAQ: MSFT) announced that the next version of Office for Apple’s (NASDAQ: AAPL) MacOS, Microsoft Office 2011, would be available by the end of October with pricing which is more in line with current Windows versions. The... More of this article »
Major Corporations Making Use of Compiled Facebook Public Data (AAPL, INTC, CSCO)
Last week, a security researcher indexed and compiled public personal profile information of more than 170 million Facebook users and placed the results on Bit-Torrent for the world to download and major corporations, including Cisco... More of this article »
Goldman Sachs (NYSE: GS) Defends Mortgage Derivative Pricing Before Rescue of AIG
Goldman Sachs Group Inc. (NYSE: GS) defended how it set prices for illiquid mortgage derivatives before the rescue of American International Group (NYSE: AIG) before the Financial Crisis Inquiry Commission on Monday. The data provided... More of this article »
Hostile Bid in the Works for Genzyme Corp (NASDAQ: GENZ), Citigroup, Inc (NYSE: C) Says
Citigroup, Inc (NYSE: C) analysts said in a research note that Sanofi-Aventis SA may begin a hostile bid for Genzyme Corp (NASDAQ: GENZ) if the U.S.-based biotechnology company resists a push for a take-over. Citigroup analysts Mark... More of this article »
Geely Completes Purchase of Volvo from Ford Motor Co. (NYSE: F)
Zhejiang Geely Holding Group Co. has completed the purchase of Volvo Cars from Ford Motor Co. (NYSE: F) on Monday in the largest acquisition of an automaker by a Chinese company. Ford received $1.3 billion in cash and a $200 million... More of this article »
Procter & Gamble Co. (NYSE:PG) Set to Release Q4 Earnings
Procter & Gamble Co. (NYSE:PG), the world’s largest consumer products manufacturer, will report its fourth quarter earnings on Tuesday. Results for the company has improved during the first two quarters of Procter & Gamble’s... More of this article »
Wal-Mart to Sell AT&T Prepaid Phones at Retail Stores (WMT, T)
Wal-Mart Stores Inc. (NYSE: WMT) hopes to expand its Straight Talk prepaid wireless service to include phones which will operate on AT&T’s (NYSE: T) GSM wireless network. The discount retailer’s “Straight Talk” service... More of this article »
Microsoft CEO Comments on Bing Challenges (NASDAQ: MSFT) and Google (NASDAQ: GOOG) Competition
Microsoft (NASDAQ: MSFT) CEO Steve Ballmer commented on the challenges that its Bing search engine product faces in the search engine market and commented about the strong competition that it has from Google (NASDAQ: GOOG) in a meeting... More of this article »
General Electric Still Using Third Party Agents to Interact with Foreign Governments After Bribery Settlement (NYSE: GE)
General Electric Co. (NYSE: GE) said on Wednesday that it is still making “limited” use of third-party agents to interact with foreign governments after settling allegations with U.S. regulators which alleged that some of G.E.’s... More of this article »
Ford (NYSE: F) to Complete Sale of Volvo to Geely This Week
Zhejiang Geely Holding Group Co.’s request for regulatory approval to purchase Ford Motor Co. (NYSE: F)’s Volvo unit was approved by China’s Ministry of Commerce, a move which will allow the $1.8 billion acquisition to be... More of this article »
Apple Attempts to Patent Mobile Hotel Booking, Shopping and Travel Apps (NASDAQ: AAPL)
Apple Inc (NASDAQ: AAPL) appears to be gunning for software patents on a few types of mobile application, including shopping and travel related applications. Unwired View first uncovered the three patent applications relating to the... More of this article »
General Electric Co. (NYSE: GE) to Pay $23.4 Million Fine to SEC
General Electric Co. (NYSE: GE) has agreed to pay a $23.4 million fine to settle a complaint from the Securities and Exchange Commission (SEC) which alleged that G.E. bribed Iraqi government officials to win contracts to supply medical... More of this article »
“Focus on Operational Excellence” Leads Exxon Mobil (NYSE: XOM) To a $7.56 Billion Net Income in 2Q.
Exxon Mobil Corp. (XOM) released quarterly earnings Thursday that easily beat analysts’ expectations. The world’s largest public energy company cited higher crude prices and improved refining margins. Net income rose to $7.56... More of this article »
Apple to Expand iPhone 4 to Norway, Denmark, Canada and Other Countries This Week
Apple (NASDAQ: AAPL) will be releasing the iPhone 4 in 17 more global markets this week, including Australia, Austria, Belgium, Canada, Denmark, Finland, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, New Zealand, Singapore,... More of this article »
Ford (NYSE: F) CEO Says China is Top Priority
Ford Motor Co. (NYSE: F) CEO Alan Mulally said on Monday that serving customers in China is one of the company’s top priorities and that the automaker hopes to bring all of Ford’s vehicles to china soon. “We have great operation... More of this article »
JPMorgan Analysts Comment on Ford (NYSE: F) Conference Call
JPMorgan Chase & Co. (NYSE: JPM) analysts commented on Ford Motor Co. (NYSE: F) after the company held a conference call. The firm reiterated its “neutral” rating on the stock and kept its $16.00 price target on the stock. The... More of this article »
Sierra Club Accuses Exxon Mobil (NYSE: XOM) of Violating Clean Air Act
The Sierra Club has accused the largest U.S. oil refinery, owned by Exxon Mobil (NYSE: XOM), of violating the Clean Air Act and other pollution laws thousands of times during the last five years, allegedly releasing more than 10 million... More of this article »
Ford Motor Co. (NYSE: F) CEO Cautiously Optimistic on Growth
Ford Motor Co. (NYSE: F) CEO Alan Mulally said on Monday that his company is “cautiously optimistic” that it will continue to grow as the U.S. economy slowly recovers. “This is a slower recovery from the previous recessions,”... More of this article »
McDonald’s (NYSE: MCD) Posts Strong Q2 Earnings As Sales Rise Worldwide
McDonald’s (NYSE: MCD) posted a 12 percent rise in second quarter earnings as sales were strong worldwide, with Australia and China leading the way. The fast-food giant said quarterly earnings were $1.23 billion or $1.13 a share,... More of this article »
General Electric Co. (NYSE: GE) Wins $16 Billion in Equipment and Service Deals
General Electric Co. (NYSE: GE) earned more than $16.1 billion in equipment and service deals during the first three days of the Farnborough Air Show as industry demand rebounds. Out of the $16 billion total, $3 billion came via an... More of this article »
Sprint Nextel (NYSE: S) Completes $750 Million Spectrum Clearing Project
Sprint Nextel (NYSE: S) has announced that it has completed a five-year, $50 million project to clear wireless spectrum for the national broadband Internet plan. Sprint said that it had more than 1,000 engineers, technicians, tower... More of this article »
Intel (NASDAQ: INTC) To Invest in Game Streaming Service
Intel Corp. (NASDAQ: INTC)’s venture capital arm, Intel Capital, is making a play in cloud-based gaming through an investment Gaikai, a service which plans to stream games over the Internet beginning this summer. Gaikai’s... More of this article »